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General News

NASRDA Commences Space Regulation Mandate with N20Bn Fund

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National Space Research and Development Agency (NASRDA) is set to commence the implementation of its space regulation and licensing mandate following the approval of a N20 billion take-off fund by President Bola Tinubu.

NASRDA Commences Space Regulation Mandate with N20Bn Fund

Speaking in an interview, Dr. Matthew Adepoju, director-general, NASRDA, emphasised that the agency’s regulatory functions, as outlined in the NASRDA Act (2010), have remained unfulfilled since its establishment in 1999.

To address this, Adepoju submitted a memorandum to President Tinubu advocating for enforcement of space regulation, leading to the recent approval of funds.

Adepoju highlighted the urgency of regulating Nigeria’s space sector to prevent misuse, particularly regarding security-sensitive activities.

The regulatory framework will oversee:

Satellite image providers

Geographic information system operators

Satellite-based telecommunications and broadcasting services

He warned that unregulated geographical data intelligence could be exploited by non-state actors, underscoring the importance of strict oversight.

NASRDA has set up a licensing platform open to public and private sector operators in the space industry.

The regulation will cover Nigeria’s three space segments:

Upstream – Deep space activities

Midstream – Satellites and orbital objects

Downstream – Ground stations and space service users

Although the agency has yet to access the N20 billion fund, Adepoju confirmed that regulatory and licensing functions have commenced.

 


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Ebere Melum-Nwogbo is a trained and practicing journalist. She is passionate about ICT and business journalism. She has over a decade experience spanning money and capital market as well as information technology

General News

NIPOST Threatens Courier, Logistics Service Providers

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Nigerian Postal Services (NIPOST) has urged courier or logistics service providers to register with the service or face the wrath of the law.

NIPOST Threatens Courier, Logistics Service Providers

Dr Chris Ashiedu, state postal manager, Enugu State, made the call while speaking on Tuesday at the ongoing 36th Enugu International Trade Fair.

The 10-day Fair, which kicked off on April 4, is themed: “Developing Nigeria Industrial Sector/SMEs for Economic Advancement and Global Recognition”.

Ashiedu said that any company or venture who failed to register as well as their workers would also be liable to legal sanction of fines, imprisonment or both.

He said that NIPOST had so far registered 29 courier/logistic service providing companies or ventures in Enugu State, while hunting for others operating under hiding.

According to him, we are succeeding in pushing to get them notwithstanding that they are dodging NIPOST officials but we are determined to get every courier/logistic service provider in Enugu State under our regulatory control and guidance.

Ashiedu said that the Agency was already developing a technological App to track those operating in the secret and get their locations.

He said: “NIPOST is a Federal Government agency constitutionally charged with the regulation and licensing of all courier and logistics services in Nigeria.

“We clamped down on all unregistered courier and logistics service companies or providers last month in Enugu, and we will keep on chasing them until they do what the law demands.

“We will also compel them to do their annual re-registration.

“It is made easier for them since NIPOST has categorised courier/logistics services into international, national, regional and state and bulk of the couriers/logistics fall into state category to pay very less for registration and annual re-registration.”

The manager explained that any movement of item, be it food or even fruit on a motorised equipment (vehicle or motorcycle) from one location to another in terms of delivering is doing courier service.


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General News

Sofia Zab, PalmPay CMO Highlights Strategies for Driving Digital Payment Adoption in Africa

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At the recent Tech Unite Africa 2025 conference in Lagos, PalmPay’s Chief Marketing Officer, Sofia Zab, shared valuable insights on accelerating the shift from cash to digital payments in Africa, as the company introduced its latest innovation: the PalmPay Debit Card.

During a panel discussion, Zab addressed the critical barriers hindering digital payment adoption encountered by PalmPay when the company launched in Nigeria: reliability and cost. She noted that in 2019, many Nigerian consumers and merchants avoided digital payments due to frequent transaction failures and high fees.

To overcome these challenges, PalmPay developed a robust infrastructure ensuring a 99.95% transaction success rate and pioneered a user-friendly model with zero rated bank transfers, fee-free bill payments and cashback rewards.

“Once users experience the benefits, they don’t want to return to cash,” Zab stated. “The key to shifting consumer behaviour is making digital payments more convenient, more rewarding, and less stressful than using cash.” As consumers adopted cashless payments, they began seeking out merchants that would accept payment with transfer, driving digitisation in retail payments organically.

Zab also highlighted PalmPay’s inclusive approach to building a cashless ecosystem, especially in areas with unreliable internet access. Beyond its smartphone app, Nigerians can transact through PalmPay’s nationwide network of mobile money agents, who are equipped with multiple devices and SIM cards from various providers and can transact on behalf of users if a particular network is experiencing an outage.

In 2024, PalmPay went a step further by introducing a USSD code (*861#) for users without data access, and with the new PalmPay Debit Card, its customers now have another access point and can withdraw cash from ATMs or point-of-sale terminals when digital transactions are not feasible. “For us, the key is about meeting people where they are, rather than waiting for the perfect infrastructure to arrive”, Zab emphasized.

In alignment with its mission to drive financial access, PalmPay unveiled the PalmPay Debit Card at the conference. Developed in partnership with Verve, Africa’s largest domestic card scheme, the card offers zero maintenance fees, easy in-app application with nationwide delivery, and integration into PalmPay’s full suite of financial services – including cashback, merchant rewards, and high-yield savings. This initiative marks a significant milestone in PalmPay’s evolution into a comprehensive digital banking platform.

With over 35 million users on its smartphone app and a MSME network of 1.1 million agents and merchants across Nigeria, PalmPay continues to build one of the continent’s most dynamic fintech ecosystems, dedicated to redefining digital banking to be more personalised, comprehensive, and accessible to everyone.


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QNET Reaffirms Commitment to Maternal, Newborn Health on World Health Day

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In line with the 2025 World Health Day theme, “Healthy Beginnings, Hopeful Futures,” QNET has reiterated its dedication to enhancing maternal and neonatal health, particularly in emerging markets.

The global direct-selling company has spotlighted its wellness and nutritional products, which it says are designed to address key health challenges in underserved regions.

Statistics from the World Health Organization show that 287,000 women died due to pregnancy and childbirth-related complications in 2020, with 95 percent of these deaths occurring in developing countries.

UNICEF reports further underline the severity of neonatal mortality, with 2.3 million newborns dying within the first 28 days of life in 2022, accounting for nearly half of child deaths under five globally.

Many of these fatalities are linked to preventable causes such as infections, poor nutrition, and complications from unsafe drinking water.

Biram Fall, Regional General Manager for QNET Sub-Saharan Africa, underscored the significance of maternal and neonatal health as a foundation for societal well-being. “The foundation of a healthy society starts with the well-being of mothers and their newborns,” he said.

Among the company’s health-focused products are EDG3 Plus, a glutathione precursor blend aimed at enhancing cellular repair and immune function, and HomePure Nova, a seven-stage water filtration system that addresses the issue of unsafe drinking water—a major contributor to maternal and infant morbidity.

Local stakeholders have also lauded QNET’s efforts, highlighting the potential impact in Nigeria, where maternal mortality rates stand at 512 deaths per 100,000 live births, according to World Bank data.

As public-private partnerships gain traction in addressing health gaps in sub-Saharan Africa, QNET’s initiatives have been positioned as a complementary solution to overstretched health systems, aligning with the global goal of “Good Health and Well-Being” under the Sustainable Development Goals.


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